Apple Car Can Single-Handedly Solve Growth Challenges And Make Up For 25% Of Tech Giant's Business, Says Munster

Benzinga2022-12-08

ZINGER KEY POINTSApple Car could be delayed to 2026 and the company might scale back its vision for the EV, Bloomberg recently reported.Apple could struggle to boost revenue with mid-sized markets-...

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Comments

V.lye
2022-12-09
V.lye
Ok
Sap
2022-12-09
Sap
Can go 120$ ?
GggSlimeR
2022-12-08
GggSlimeR
Thanks & Do not like my comment
PC21
2022-12-08
PC21
Good potential
- PC21:
  [smile]
MyMelody
2022-12-08
MyMelody
Ok
- sunshine138:
  Ok
Zarkness
2022-12-08
Zarkness
Yes buy on weakness!!

Leave a comment

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With Apple’s stock currently pricing in all of “Project Titan”-related expenses and a little revenue upside, terminating the project could lift earnings by about 2%, the analyst said. A release of the car, the analyst said, could be earnings accretive in the long run.As opposed to the iPad, iPhone and iPod, which took six years, three years and one-and-half years, respectively, for development, Apple Car has been in the works for nine years now, the analyst said. The mixed reality headset has been in development for about six years, Munster added.Although Apple Car has the longest investment period of any Cupertino product to date, it has consumed only 4% of the company’s total R&D spend in 2022, Munster noted. He added that the company could be working with the prudent strategy of spending just enough to move the project forward without impacting profit margins.Apple Car Makes Sense: An Apple Car, according to the analyst, makes sense for the company, as the concept of a car is fundamentally changing. The company can replicate the playbook of vertical integration it has written for its devices, the analyst said.Also, Apple Car will be able to single-handedly solve the company’s growth challenges, Munster said. The venture capitalist noted that the company will find it difficult to grow if it proceeds only with products geared toward mid-sized addressable markets.The auto market is massive enough to move up Apple’s growth, the analyst said. Even if Apple captures 2% of the global auto market, it could be selling 1.5 million cars, and with an average selling price of $100,000 per car, he added that a $150 billion a year accretion to topline is likely.The analyst expects the self-driving car to account for 25% of Apple’s overall business in 2030, assuming the company's core business grows at 5% over the next seven years.Price Action: Apple closed Wednesday's session down 1.38%, at $140.94.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9920763578,"gmtCreate":1670550016194,"gmtModify":1676538391237,"author":{"id":"4088902048392220","authorId":"4088902048392220","name":"V.lye","avatar":"https://static.tigerbbs.com/7233306780623a2802ebfc0893c0cc52","vip":1,"crmLevel":6,"crmLevelSwitch":1,"idStr":"4088902048392220","authorIdStr":"4088902048392220"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9920763578","repostId":1114810654,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9920516151,"gmtCreate":1670515974374,"gmtModify":1676538384598,"author":{"id":"3559283513621894","authorId":"3559283513621894","name":"Sap","avatar":"https://static.tigerbbs.com/2a00e2718679bd499f27764a78342e5c","vip":1,"crmLevel":6,"crmLevelSwitch":1,"idStr":"3559283513621894","authorIdStr":"3559283513621894"},"htmlText":"Can go&nbsp;120$ ?","listText":"Can go&nbsp;120$ ?","text":"Can go 120$ ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9920516151","repostId":1114810654,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9920505699,"gmtCreate":1670513306111,"gmtModify":1676538383620,"author":{"id":"4093058604760480","authorId":"4093058604760480","name":"GggSlimeR","avatar":"https://community-static.tradeup.com/news/4b805c8472adab6d9418f36452434a56","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":5,"crmLevelSwitch":1,"idStr":"4093058604760480","authorIdStr":"4093058604760480"},"htmlText":"Thanks &amp; Do not like my comment&nbsp;","listText":"Thanks &amp; Do not like my comment&nbsp;","text":"Thanks & Do not like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9920505699","repostId":1114810654,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9920501551,"gmtCreate":1670512865273,"gmtModify":1676538383503,"author":{"id":"4087611507686430","authorId":"4087611507686430","name":"PC21","avatar":"https://static.tigerbbs.com/a62d208e3b3c4a550849feaa8117655b","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4087611507686430","authorIdStr":"4087611507686430"},"htmlText":"Good potential&nbsp;","listText":"Good potential&nbsp;","text":"Good potential","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9920501551","repostId":1114810654,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105124448,"gmtCreate":1670512875645,"gmtModify":1670512889744,"authorId":4087611507686430,"author":{"id":4087611507686430,"idStr":"4087611507686430","authorId":4087611507686430,"name":"PC21","avatar":"https://static.tigerbbs.com/a62d208e3b3c4a550849feaa8117655b","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9920501551,"type":1,"supId":0,"prevId":0,"content":"[smile]","text":"[smile]","html":"[smile]"}],"langContent":"EN"},{"id":9920247135,"gmtCreate":1670511321128,"gmtModify":1676538383105,"author":{"id":"4097904547274900","authorId":"4097904547274900","name":"MyMelody","avatar":"https://static.tigerbbs.com/d6cd6a7b09f47978b230dcda643836b8","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":3,"crmLevelSwitch":0,"idStr":"4097904547274900","authorIdStr":"4097904547274900"},"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9920247135","repostId":1114810654,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105124509,"gmtCreate":1670513110560,"gmtModify":1670513123343,"authorId":3586655655659820,"author":{"id":3586655655659820,"idStr":"3586655655659820","authorId":3586655655659820,"name":"sunshine138","avatar":"https://static.tigerbbs.com/23149c63a63bfeec1572cc27e1322750","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9920247135,"type":1,"supId":0,"prevId":0,"content":"<u>Ok</u>","text":"<u>Ok</u>","html":"<u>Ok</u>"}],"langContent":"EN"},{"id":9920255460,"gmtCreate":1670509839251,"gmtModify":1676538382578,"author":{"id":"3572916667219493","authorId":"3572916667219493","name":"Zarkness","avatar":"https://static.tigerbbs.com/4b8c61830c4883c4232aece921d89d14","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":3,"crmLevelSwitch":0,"idStr":"3572916667219493","authorIdStr":"3572916667219493"},"htmlText":"Yes buy on weakness!!","listText":"Yes buy on weakness!!","text":"Yes buy on weakness!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9920255460","repostId":1114810654,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":124,"commentSize":8,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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